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160 Private Colleges Fail Education Dept.'s Financial-Responsibility Test

March 14, 2016

According to a Chronicle analysis of data released on Friday, 160 degree-granting private colleges failed the U.S. Education Department’s financial-responsibility test, which seeks to quantify the financial health of proprietary and nonprofit institutions, for the 2013-14 academic year. That’s two more than failed the year before.

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